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3 hours ago
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Bayo Onanuga, spokesperson for the Presidency, has urged Mr Peter Obi, presidential candidate of the Labour Party, LP, in the last general election, to say something about the recent gains by Naira, the nation’s currency.
Onanuga claimed that naira is holding its ground against the greenback and other currencies.
The statement comes amid report by Bloomberg that the naira is enjoying a rare run of stability, adding that analysts expect it to last.
The report noted that Nigeria’s battered currency had lost 70% against the greenback since foreign-exchange controls were relaxed in 2023, including a steep depreciation 12 months ago.
However, Onanuga described the development as good news, “inviting Obi to retweet the exhilarating story.”
He said: “The naira is holding its ground against the greenback and other currencies. This is good news, not bad news. I invite Mr. Peter Obi to retweet the exhilarating story.”
English (US)